Description

Unlocking Competitive Advantage Through Supplier Diversity

For nearly forty years, the concept of supplier diversity has been a transformative element in the world of business, profoundly influencing its dynamics. It represents a strategic asset that numerous organizations have adeptly utilized to their advantage, while others are still navigating the complexities of its successful deployment. Perhaps your company has already adopted various strategies in its operations, but have you considered the impact of supplier diversity in your supply chain? Regardless of your organization's size, whether it's a small office or a large team, the origins of your procured products matter. Embracing a diverse range of suppliers is not just beneficial for your business; it also significantly contributes to the welfare of the local community. This approach to supplier diversity is not merely a procurement tactic, but a strategic business decision that fosters inclusive growth and community empowerment.

In Diversify & Prosper, Jean Kristensen walks you through the process of establishing your own supplier diversity program, from the very grassroots research needed at the beginning of the process, to how to keep things flowing smoothly once the ball is rolling. She does so using examples from her own experience as both a consultant for supplier diversity programs as well as over 30 years working in the industry. By the time you're done, you will have a solid blueprint for how to succeed with a program that can keep your business running smoothly for years.